A higher rate of interest
to help your savings grow.

Fixed Saver

What is a Fixed Saver? It’s an account where your savings are locked away for a set period of time that you choose, with the safety of a guaranteed interest rate.

At a glance:


Min. Opening Balance
Interest Rate AER*
Product Type


Min. Opening Balance
Interest Rate AER*
Product Type
Apply Online Unavailable Unavailable Unavailable
  • Enjoy a fixed rate of interest for locking a lump sum of money away for a set term
  • Minimum deposit £500 - maximum balance up to £2,000,000 (excluding interest)
  • Make unlimited deposits in the first 21 days
  • Benefit from Our Best Rate Guarantee
  • 14 day cooling off period
  • Interest can be paid monthly or yearly
  • Open multiple accounts, including joint accounts
fixed saver video

Want to find out more?

Watch our short video to learn about our Fixed Saver.

Identical - Our best rate guarantee

Our Best Rate Guarantee

Enjoy our best available rate, even after you’ve applied for your account.

On fixed rate products you’ll receive the interest rate shown at the time you apply, but if we increase our product rate for new customers before you’ve made your first deposit, you’ll receive the same higher interest rate.

After all, fair’s fair.

Financial Services Compensation Scheme (FSCS Protection)

Your savings are protected under the FSCS. It protects up to £85,000 (or £85,000 each, for joint account holders) of the money in your Ford Money accounts. If you have more than one account with Ford Money or share a joint account, the amount protected by the FSCS will be £85,000 across them all.

For more information, visit the FSCS website

Ford Money is protected by the FSCS banner
Protection - Financial Services Compensation Scheme

Fixed Saver Summary Box:

Account Name

Fixed Saver 1 Year

What is the interest rate?

5.55% AER*                                                       5.55% Gross* yearly

                                                                                5.41% Gross* monthly  

  • Interest is calculated daily and can be paid monthly or yearly, depending on when we receive your initial deposit.

Can Ford Money change the interest rate?

  • No your rate is fixed for the length of your term.
  • You will receive at a minimum the interest rate shown at the time you applied. If we increase our rate before you make your first deposit, you’ll receive the new higher rate. 

What would the estimated balance be based on a £1,000 deposit?

£1,055.50 based on £1,000 over 1 year at 5.55%

  • This example is given for illustrative purposes only and it doesn’t reflect your specific circumstances. It’s based on no extra money being moved in or out of the account and assumes that your interest is being added to the account. The estimated balance is based on the yearly interest rate.

How do I open and manage my account?

  • Open and manage your account online.
  • Move money in from your Connected Account or from an existing Ford Money account.
  • You must open the account with at least £500. Make sure to move this into the account within the first 21 days of opening the account.
  • Maximum balance up to £2,000,000 (excluding interest). This amount is combined across all the accounts you have with us.
  • There are no limits on the number of times you can move money into the account during the first 21 days. After this, you’ll be unable to add any extra money in.

Can I move my money out?

  • No, this is not possible during your fixed term. 
  • You can move your money at the end of the term (at maturity) with no loss of interest.

Additional information

  • Tax treatment is dependent on the personal circumstances of each customer and may be subject to change in the future.

The information provided above is a summary of the key features of the Ford Money Fixed Saver and is not intended to be a substitute for reading the Product Terms and Conditions. Please make sure you have read the Product Terms and Conditions before applying.

Let’s get into the details:

Peace of mind

Our Fixed Saver offers the peace of mind of a fixed interest rate in return for locking your money away for a set amount of time, such as 1, 2, or 3 years (known as a term).

Your right to cancel

If you decide this product isn’t for you, you can cancel within the first 14 calendar days from the date your first deposit shows in your account.


From the day we receive your initial deposit, your Fixed Saver will earn interest daily, based on the balance at the end of each day. This is  and calculated as 1/365th of the yearly rate.

Interest can be paid yearly or monthly and can be paid into:

  • This Fixed Saver
  • Any other Ford Money savings account you have (subject to its Terms and Conditions)
  • Your Connected Bank Account

End of the Fixed Term – ‘Maturity’

We’ll be in touch around 30 days before your Fixed Saver approaches the end of the fixed term via letter and email. We’ll explain what options you have available and what actions you need to take. 

You’ll normally have the option to:

  • Withdraw your savings, 
  • Re-invest in another Ford Money Fixed Saver, 
  • Re-invest in a different Ford Money product, 
  • Create any combination of the above. 

You will have until 48 hours before your Fixed Saver reaches the end of the fixed term to select your preferred option(s). If we don’t hear from you by then we’ll offer you another term of the same or similar length, and this will start automatically at the end of the fixed term.

Of course, we’ll tell you about this and you’ll have 14 calendar days to cancel. 

Early withdrawals

The Fixed Saver product is designed to be held for the entire term. Account closure is only allowed within the first 14 calendar days of account opening. 

There are only two situations early account closure or withdrawal is allowed:

  • After a Fixed Saver account holder dies
  • If we make any change to this agreement that is to your disadvantage.

Ford Money Fixed Saver Documentation

To make sure Fixed Saver is right for you, read the following documents.

Summary Box - 1 Year

This details all the product features for the Fixed Saver 1 Year.

Summary Box

Product Terms and Conditions

This explains how the product operates and its legalities, without complex legal language.

Terms & Conditions (PDF)

Customer Agreement

This outlines the terms of our relationship and what you can expect from Ford Money as a business.

Agreement (PDF)

Ford Money Blue billboard

Apply for Fixed Saver

Our online application process is easy – apply today.


Gross Rate

Gross interest is the annual rate of interest you'll earn from a savings account before tax is taken off.


AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest were paid and added to your account each year.


Tax-free means you are exempt from UK Income Tax.
Tax treatment is dependent on the personal circumstances of each customer and may be subject to change in the future.

Term Breakage Charge

This is a charge or loss of interest applied if you make a withdrawal from a Fixed ISA product.